Cincinnati Financial Co. (NASDAQ:CINF) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 16.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,295,928 shares of the insurance provider's stock after buying an additional 186,629 shares during the quarter. Los Angeles Capital Management LLC owned about 0.83% of Cincinnati Financial worth $134,077,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wilbanks Smith & Thomas Asset Management LLC acquired a new stake in Cincinnati Financial in the 4th quarter valued at approximately $224,000. First Trust Direct Indexing L.P. purchased a new position in Cincinnati Financial in the 4th quarter valued at approximately $204,000. Searle & CO. acquired a new position in shares of Cincinnati Financial in the fourth quarter worth $1,419,000. Victory Capital Management Inc. raised its stake in shares of Cincinnati Financial by 119.4% in the fourth quarter. Victory Capital Management Inc. now owns 173,909 shares of the insurance provider's stock valued at $17,993,000 after acquiring an additional 94,631 shares in the last quarter. Finally, Savant Capital LLC boosted its holdings in Cincinnati Financial by 1.6% in the fourth quarter. Savant Capital LLC now owns 6,041 shares of the insurance provider's stock valued at $625,000 after purchasing an additional 96 shares during the period. Institutional investors and hedge funds own 65.24% of the company's stock.

Cincinnati Financial Stock Performance

NASDAQ CINF traded down $1.14 on Thursday, hitting $116.16. 883,035 shares of the company's stock were exchanged, compared to its average volume of 888,889. The firm's 50-day moving average price is $118.04 and its two-hundred day moving average price is $109.47. The firm has a market cap of $18.19 billion, a price-to-earnings ratio of 7.73, a P/E/G ratio of 2.47 and a beta of 0.63. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.26 and a quick ratio of 0.26. Cincinnati Financial Co. has a fifty-two week low of $95.01 and a fifty-two week high of $124.35.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings results on Friday, April 26th. The insurance provider reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.03. Cincinnati Financial had a net margin of 22.16% and a return on equity of 9.34%. The company had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period last year, the firm earned $0.89 EPS. The company's revenue for the quarter was up 31.0% on a year-over-year basis. On average, research analysts expect that Cincinnati Financial Co. will post 6.36 EPS for the current year.

Insider Buying and Selling

In other Cincinnati Financial news, Director Dirk J. Debbink bought 1,000 shares of the business's stock in a transaction on Monday, April 29th. The stock was bought at an average price of $113.47 per share, for a total transaction of $113,470.00. Following the completion of the transaction, the director now owns 53,988 shares in the company, valued at approximately $6,126,018.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.83% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CINF. Keefe, Bruyette & Woods upped their target price on shares of Cincinnati Financial from $136.00 to $143.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 10th. TheStreet raised shares of Cincinnati Financial from a "c+" rating to a "b" rating in a research report on Tuesday, February 6th. BMO Capital Markets raised Cincinnati Financial from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $125.00 to $135.00 in a report on Monday, March 25th. Citigroup raised their target price on shares of Cincinnati Financial from $120.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 16th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $116.00 price target on shares of Cincinnati Financial in a research report on Monday, April 1st. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Cincinnati Financial has a consensus rating of "Hold" and an average price target of $124.50.

Cincinnati Financial Profile

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.